Finally, after nearly 18 months of the announcement of the Sion – BKC Link, the construction of the road and bridge over Mithi River is set to commence in a few weeks, this will benefit the residents of Wadala, Chembur and Sion.
Infrastructure and Connectivity are the need of the hour and Mumbai is inching towards it slowly and steadily. Mumbai will become a dream city by 2025. Just 9 years and we will have our major infrastructure projects all ready and rocking, which would mean most of our Metros, Trans Harbour Link, Goregaon Mulund Link Road, Ghansoli Ghatkopar Sea Link which is also going to connect Dombivali ahead etc. will all be ready.
So the impact of infrastructure is directly on Mumbai’s real estate market. The real estate market in locations like Wadala, Chembur, and Sion is going to get better traction as due to the upcoming connectivity, people are likely to save time. I feel from an investment standpoint, I think Wadala is going to be a very good investment as due to supply at New Cuffe Parade at Wadala by the Lodha Group, the rates will be soft for a while and this is the right opportunity to look at it. Ajmera Treon and Ajmera Aeon by the Ajmera Group is going to benefit a lot and people looking
Chembur, Wadala and Sion are also going to benefit with numerous lesser known developer brands mushrooming up with stand alone towers. Our team did a study of the Chembur market and we found that there is a product starting from 70 Lacs and going to 7 Cr in a 5 sq km area which is very promising.
Invest with intelligence as we say today, as not each location is going to grow and it’s important to have a sight on the upcoming infrastructure at all times as the Infrastructures can help one location grow and another location stagnate.
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